Florida Content
Good for you! You’ve made a commitment to invest in an IRA for your future!
An IRA is an interest-bearing savings account that allows individuals to set aside money in certificates of deposit for retirement savings. Consult a tax advisor regarding your IRA eligibility and possible tax deductions. Early withdrawal penalty may apply and will reduce earnings.
Current IRA CD terms and rates:
| Term | Interest Rate | APY* | Minimum to Open |
| 12-month | 0.40% | 0.40% | $1,000 |
| 18-month | 0.40% | 0.40% | $1,000 |
| 24-month | 1.24% | 1.25% | $1,000 |
| 36-month | 1.73% | 1.75% | $1,000 |
| 48-month | 1.73% | 1.75% | $1,000 |
| 60-month | 1.73% | 1.75% | $1,000 |
* Annual Percentage Yield as of 9/1/10
Republic Bank offers two great IRA options for your savings needs:
TRADITIONAL IRA
- New contributions can be made by anyone under the age of 70 ½ who has earned income and filed a tax return.
- Interest grows in the account tax-deferred.
- Distributions can be taken any time after age 59 ½ without IRS penalty.
- In 2010, contribute up to $5,000 for retirement savings; $6,000 if you’re between age 50 and 70 ½.
- Only $1,000 needed to open a new IRA; or move your retirement funds from an IRA at another bank or your qualified retirement savings plan (if eligible).
This account and the stated rates are only available to Florida residents of Hillsborough, Pasco and Pinellas County.
ROTH IRA
- New contributions can be made by anyone, without age restriction, who has earned income and filed a tax return.
- Interest grows in the account tax-free if you maintain a Roth IRA at least 5 years.
- Distributions can be taken any time after age 59 ½ without IRS penalty or tax.
- In 2010, contribute up to $5,000 for retirement savings; $6,000 if you’re between age 50 and 70 ½.
- Only $1,000 needed to open or move your retirement funds from an IRA at another bank or your qualified retirement savings plan (if eligible).
This account and the stated rates are only available to Florida residents of Hillsborough, Pasco and Pinellas County.
- Funds Availability
- Electronic Funds Transfer Disclosure
- Internet Banking Agreement
- Online Statement E-Sign Disclosure
- Truth In Savings Disclosure
- Customer Identification Program Notice
- Fee Schedule
Kentucky/Indiana Content
Good for you! You’ve made a commitment to invest in an IRA for your future!
An IRA is an interest-bearing savings account that allows individuals to set aside money in certificates of deposit for retirement savings. Consult a tax advisor regarding your IRA eligibility and possible tax deductions. Early withdrawal penalty may apply and will reduce earnings.
Current IRA CD terms and rates:
| Term | Interest Rate | APY* | Minimum to Open |
| 12-month | 0.40% | 0.40% | $1,000 |
| 18-month | 0.40% | 0.40% | $1,000 |
| 24-month | 1.24% | 1.25% | $1,000 |
| 36-month | 1.73% | 1.75% | $1,000 |
| 48-month | 1.73% | 1.75% | $1,000 |
| 60-month | 1.73% | 1.75% | $1,000 |
* Annual Percentage Yield as of 9/1/10
Republic Bank offers two great IRA options for your savings needs:
TRADITIONAL IRA
- New contributions can be made by anyone under the age of 70 ½ who has earned income and filed a tax return.
- Interest grows in the account tax-deferred.
- Distributions can be taken any time after age 59 ½ without IRS penalty.
- In 2010, contribute up to $5,000 for retirement savings; $6,000 if you’re between age 50 and 70 ½.
- Only $1,000 needed to open a new IRA; or move your retirement funds from an IRA at another bank or your qualified retirement savings plan (if eligible).
ROTH IRA
- New contributions can be made by anyone, without age restriction, who has earned income and filed a tax return.
- Interest grows in the account tax-free if you maintain a Roth IRA at least 5 years.
- Distributions can be taken any time after age 59 ½ without IRS penalty or tax.
- In 2010, contribute up to $5,000 for retirement savings; $6,000 if you’re between age 50 and 70 ½.
- Only $1,000 needed to open or move your retirement funds from an IRA at another bank or your qualified retirement savings plan (if eligible).
- Funds Availability
- Electronic Funds Transfer Disclosure
- Internet Banking Agreement
- Online Statement E-Sign Disclosure
- Truth In Savings Disclosure
- Customer Identification Program Notice
- Fee Schedule
